News about Energy

by COINS NEWS - 2 years ago

How do you all feel about crypto energy consumption?

It costs 3.5 times as much to mine gold as it does to mine Bitcoin. That is the narrative for today. https://preview.redd.it/r6x1j455kqq81.png?width=640&format=png&auto=webp&s=422d1642d30edd55198ac95aa213764811503a41 Gold must clear...

by COINS NEWS - 2 years ago

Bitcoin (PoW) Mining Energy Consumption

TLDR: Bitcoin mining currently uses ~0.1% of global energy consumption. Due to its competitive nature and unique properties, bitcoin mining leads to miners setting up or relocating its operations in areas with the cheapest sources of energy. Th...